Seoul, April 3 (IANS) The government will take stern measures, including legal means, against malicious activities aimed at taking advantage of recent market volatility through the spread of fake news and rumours, a senior finance ministry official said on Friday.”Spreading unfounded fake news in a time of extraordinary crisis is a serious matter that can fuel market anxiety and undermine trust in policy,” Moon Ji-sung, deputy minister for international economic affairs, said while presiding ove…
Latest Yonhap News & Updates
Seoul, March 28 (IANS) South Korea will likely join as a co-sponsor of this year’s UN resolution on North Korean human rights, government sources said, amid earlier expectations that Seoul might skip the move in line with its conciliatory gestures toward Pyongyang.The South Korean government has tentatively decided to participate as a co-sponsor of the resolution on the human rights situation in North Korea to be adopted at a regular session of the United Nations Human Rights Council later this …
Seoul, March 24 (IANS) The government will strictly enforce a mandatory five-day vehicle restriction system for the public sector to respond to possible oil supply disruption amid persisting tensions in the Middle East while implementing additional energy-saving measures, the climate ministry said on Tuesday.Starting Wednesday, the government will beef up monitoring of the public sector’s compliance with the five-day driving restriction system, under which cars are divided into five groups based…
Seoul, March 24 (IANS) Seoul stocks trimmed earlier gains late on Tuesday morning, despite easing military tensions between the United States and Iran.The benchmark Korea Composite Stock Price Index (KOSPI) inched up 45.02 points, or 0.83 percent, to 5,450.77, as of 11:20 a.m.The index reduced its gains following a sharp rebound of over 4 percent in the opening bell, as the broader market came under selling pressure from foreign investors, reports Yonhap news agency.Overnight, major U.S. stock i…
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Washington, March 21 (IANS) US President Donald Trump has said that his administration is considering “winding down” its military operation against Iran, while calling on South Korea, China, Japan and other countries to get involved in efforts to secure the vital Strait of Hormuz.Trump made the remarks in a social media post on Friday (local time), claiming that the United States is moving “very close” to achieving the objectives of its military campaign, including destroying Iran’s missile capa…
Daejeon, March 20 (IANS) A fire broke out at a car parts plant in the South Korea’s central city of Daejeon on Friday, injuring at least 50 people, including 35 with serious injuries, authorities said.The fire was reported at around 1:17 p.m., prompting the National Fire Agency to issue a national firefighting mobilization order, which is given when the scale of the fire is deemed to surpass the firefighting capacity of the local government.South Korean Prime Minister Kim Min-seok gave emergency…
Seoul, March 19 (IANS) South Korean President Lee Jae Myung said Thursday importance should be attached to the likelihood of workers’ acceptance in adopting labor market flexibility, expressing objection to unilateral sacrifices by laborers when companies adjust workplace policies.Lee made the remarks during a debate session with the Economic, Social, and Labour Council, a tripartite presidential advisory body, alongside labor groups and government officials.”We need to create conditions in whic…
Seoul, March 11 (IANS) The deterrence posture against North Korea will not be hindered regardless of a potential shift of military assets owned by the US military stationed in South Korea, a senior official at Cheong Wa Dae said Wednesday, amid media reports that the US Forces Korea (USFK) has shipped out some of its air defense assets from the Korean Peninsula.”Given our level of military capability, defence spending, defence industry capacity and the high morale of our troops, there is no prob…